If Sales Revenue Is $600 000 and Cost of Sales

question 30

Multiple Choice

If sales revenue is $600 000 and cost of sales is $450 000,the gross profit margin is:

• A) 75%
• B) 25%
• C) 33%
• D) 67%

---

Definitions:

Copy A

This term is often associated with tax forms, where Copy A is the official part of a form sent to a tax authority, like the IRS, detailing financial information.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Wages

Compensation received by employees for services performed, usually based on hours worked or a fixed salary.

Household Workers

Employees who perform domestic service in a home, such as cleaners, maids, and gardeners.